Lisa Marie Presley Had $35 Million in Life Insurance, Battle Brewing - TMZ

Lisa Marie Presley $35 Million Life Insurance ... Battle Brewing Between Priscilla and Riley

1/30/2023 7:15 AM PT

Lisa Marie Presley was millions of dollars successful indebtedness astatine the extremity of her life, but the infinitesimal she died, her property was flush with currency -- to the tune of $35 million.

Family sources archer TMZ ... Lisa had taken retired 2 beingness security policies -- 1 for $25 million, and different for $10 million. Our sources accidental determination whitethorn beryllium a 3rd $10 cardinal policy, but it's unclear if it's lapsed.

What's adjacent much shocking ... our sources accidental Lisa was trying to currency successful the $25 cardinal argumentation to wage immoderate of the debts she owed, totaling $4 million. We're told she had notified the security institution and filled retired the paperwork to get a lump sum of conscionable $2 million. We're told determination was a screwup successful the paperwork truthful the argumentation was ne'er cashed in.

Our sources accidental Lisa was $4 cardinal successful indebtedness erstwhile she died ... of that she owed $2.5 cardinal to the IRS. We've learned Lisa blew done $100 cardinal during her big years.

When the debts are cleared, determination volition beryllium astir $30 cardinal (assuming the 3rd argumentation lapsed) to distribute. We're told Lisa's 3 kids, Riley Keough and 14-year-old twins, Finley and Harper Lockwood, were named beneficiaries and volition person adjacent amounts.

Since the twins are minors, the wealth volition spell into a trust. This is wherever a household struggle is starting to erupt.  As we reported, Lisa created a spot successful 2010, naming her ma and her lad Benjamin as trustees.

Lisa amended the spot successful 2016, cutting Priscilla retired arsenic trustee and naming her girl Riley successful her place. As we reported, Pricilla filed ineligible docs Friday, challenging the validity of the amendment. Presumably, she inactive wants to beryllium trustee of what present amounts to a fortune.

TMZ has prepared a documentary -- "TMZ Investigates Lisa Marie Presley: Unending Tragedy" -- which breaks quality connected origin of death, wealth and brewing custody/visitation disputes. The doc airs tonight, January 30, connected FOX astatine 8 PM.